Draft policy statement: advanced environmental offsets under the EPBC Act
Advanced environmental offsets are a supply of offsets for future use, transfer or sale by proponents or offset providers. Unlike conventional offsets, which are generally put in place to compensate for the residual adverse significant impacts of an action following approval, advanced offsets are put in place before any impact occurs.
The Australian Government released a draft policy statement providing guidance on the use of advanced offsets under the EPBC Act for public comment from 17 August 2015 to 12 October 2015. The Department would like to thank all those who provided submissions.
The Policy Statement: Advanced Environmental Offsets under the EPBC Act has since been finalised and was released in February 2016.
Draft policy statement
Draft policy statement: advanced environmental offsets under the EPBC Act (PDF - 816.56 KB)
Draft policy statement: advanced environmental offsets under the EPBC Act (DOCX - 56.39 KB)